Huntington boosts Michigan footprint

|About: Huntington Bancshares In... (HBAN)|By:, SA News Editor

Huntington Bancshares (HBAN) agrees to buy 11 branches in central and eastern Michigan, increasing its branch total in the state to 173, including 80 in the eastern region.

Total deposits purchased is about $450M for a deposit premium of 3.5%. The deal is expected to close in H2, subject to the usual conditions and regulatory approvals.